Bitmine, a major player in the institutional investment sphere, has expanded its Ethereum (ETH) reserves significantly by adding 52,203 ETH to its holdings. This acquisition, valued at around $92 million, brings Bitmine’s total Ethereum holdings to an impressive 5.67 million, constituting 4.7% of Ethereum’s global supply. The company’s goal remains steadfast: to control 5% of Ethereum’s total supply by year’s end.